Rail

American Railcar will invest in leasing plan

Posted on December 14, 2010

American Railcar Industries Inc. (ARI) said it plans to invest in railcar leasing as it seeks to expand and diversify its business in response to customer demands and market conditions.

"ARI is very excited to offer railcar leasing and provide another option for customers to utilize our quality railcars," said President/CEO James Cowan. "We remain committed to meeting the needs of our customers. The economy and railcar market have been challenging over the last couple of years and ARI is responding to those challenges with an expanded market strategy."

The company, which currently sells, repairs, refurbishes and provides fleet management services for railcars, believes railcar leasing will provide customers with a broader offering of services.

ARI is currently in negotiations with American Railcar Leasing LLC (ARL), an affiliate, to enter into an agreement pursuant to which ARL would identify potential leasing customers for ARI in exchange for fees payable by ARI to ARL.

ARI also anticipates that the leasing business will provide a more consistent stream of cash flows and revenue, which management expects would diversify the company and improve performance during the down cycles of the railcar market. ARI currently plans to fund leasing operations through existing cash.

View comments or post a comment on this story. (0 Comments)

More News

FRA makes $25M available for rail infrastructure safety upgrades

Applicants can request funds for safety improvements to railroad infrastructure, including railroad crossings, track, tunnels, bridges, yards and other areas.

NJ TRANSIT's Hudson-Bergen line running modified service for 3rd day

Service has been hampered since overhead catenary wires were yanked down when a dump truck lowered its bed two days ago. There is no timetable for the repair of the wires.

D.C. Metro rules out power cables as factor in recent smoke incident

Passengers aboard the train described a tense atmosphere, with smoke in some of the railcars, flames visible outside the train and the odor of electrical smoke evoking memories of the Jan. 12, 2015, L’Enfant Plaza Metro station incidnet that left one rider dead and scores sickened

Alstom awarded major re-signaling project in the UK

Collaborated with Network Rail to develop an interlocking solution based on Alstom’s Smartlock range that will be ready for ETCS installation allowing trains with ETCS capability to operate on that section of the line.

Sacramento RT taps HDR Inc. for streetcar design

The contract outlines a $10 million budget to construct the streetcar line.The city wants the money to come from property owners near the streetcar line, but they rejected it in a vote last year.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close